Pegaxy is a horse racing PVP simulation game or futuristic Pegasus to be precise. So Pegaxies, which is short for Pegasus Galaxy, are futuristic mythological creatures like Pegasus. Every Pegaxy is NFT racing with other NFTs in PVP format racing for a prize in Pegaxy VIS token. VIS can be sold on the crypto market and in-game exchange. That’s one way of monetization. Another way is breeding new Pega NFTs and selling them in the in-game market. Also, there is a free to play earning possibility. Players can rent Pega from the owner and share the profit. Profit margins scale from 10% to 60% share.
The Pegaxy Metaverse is built on the Polygon/Matic Layer 2 Solution and utilizes the dual token economic model initially introduced by Axie Infinity in late 2020. The governance token is PGX (Pegaxy Stone) and, as mentioned, the utility token is VIS (Vigorus).
Game Play
Pegaxy crypto game has a very unique ecosystem that allows players to enter any race, for free. And players compete against 11 other racers in an attempt to earn a top 3 placement. All players inside the top 3 earn VIS tokens, the platform’s utility token. Knowledge, strategy, and skill are all required to place in the top 3.
Every Pegasus has six different stats: speed, strength, lighting, wind, water, and fire in the range from 0 to 9. As the stats go in higher numbers the Pegasus has more chance to win. Yet, there are four different types of stadiums and particular stat can play a decisive role in specific stadiums. For example, if the stadium has high humidity Pegasus with high water stat has a better chance of winning the race. Every in-game NFT has a winning percentage calculated so it’s easy to decide which Pega is good and which one is not.
Earning Potential
Pegaxy team, led by Cory Corey Wilton Co-Founder and CMO, is very transparent from day one. Mentioned above led to a massive growth to over 100 000 active players at its peak. The team deliver all the promises from the Pegaxy white paper so far and is highly trusted by the community. However, play to earn mechanics from the game were enormous at the beginning. With such a large number of active players, the Pegaxy economy cannot hold on to the price of VIS tokens for a long time. But Corey and the team making new moves to save the game almost every month including new earning mechanics and new burning NFTs systems.
Conclusion
The best days with massive earnings are far behind Pegaxy crypto game at the moment. The price of VIS token is 1/10 of the cent. Good thing is that a large number of players can influx the game with the current floor NFT price of 10$. Also, the gameplay is very simple, and it’s not much interesting for the players if big earnings are excluded as it is at the moment. But, Corey and the team developed a mobile app and now working on a skill-based game. That can attract a large number of players. So it is out of the question that Pegaxy team will deliver. What concerns is the lack of marketing activity and recruiting more players into the game. Will mentioned change after the mobile app official release and the introduction of skill-based gameplay remain to be seen.
